New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-21
CHICAGO BANKERS COMPLAINING.
NOT FAIRLY TREATED AT WASHINGTON.
THEY WANT THEIR sUD-rREAsURrR A MEMBER OF

THEY WANT THEIR sUB-TREAsURrR MEMBER OF
THE CLEANING HOUSE.
CHICAGO Dec. 90 (Specidh-The bankers OF Chicago
believe that Treasury Department is discriminating
against Chicago In the ercst OF other cities. as Illus
traed by tho In which the subrreasury here
Manipulated and the recent refusal Of the Treasury
Department allow tho sub Treasurer to become mem
ber OF the Clearing House Association. The National
banks Of Chicago had petoned that the subTreasurer
be made member OF the lsaring House, 10 enable them
to conduct their traasacsn, with tho Government at
less and with less inconvenience than at present
There in Chicago thirty large banks
each OF which Is Obliged TO send a messenger
TO the Sub-Trsasury each day to collect drafts
On various Government funds and on pension certif-
Cites
In New. York the Sub-Treasury IL injected with the
Clearing House The New York bankers transact their
business with the subTreaslry without any more diiti
Guilty than with other banks. The New-Yorksrs have
another advantage in the Government service IN that
by an arrangement with tho Post Ohico Department,
bank Il designated TO act AS clearng house sr
ell post Office money orders This is an accommodation
tnat Chicago doc, not enjoy; the banks here have to
send moner orlers tho Post Ofi;e by messrnser
Tbs Treasurer in wa,hng gton he does not like to
make the -ub-Treasury Chicago n member OF the
Clearing House other cities In which there IL
snbTreasury would demand that they have the same
privilege.
The leading bankers in Chicago say that the Govern
nfht service Is TOT tHe t"o P0"Fi0
all commercial centres are entitled To Just
the same favOrs as granted 20 New-Y0rk number
OF BAKERS do believe that their request IL re-
the Clearing House to be granted ana say that
those Who psttoned for il have been snubbed tonse
qnen " believe that 1t IL best 70 continue
their suppcacn thsu-h troy have ell to the
Government that their System will give tho 9ub-ircas-
less and CLERK HRS Those akel 10 were
unanimous the OpiRlon that the Sub Treasury, as u ls
managed from Washington Is OF benefit to Chicago
and hat they wsu be better off il it WAS renovei and
the warrants. pension checks and vouchers drawn ON
Ncw-Yor& or so-le s'bcr city.
They sag SubTreas ry very well as place
In which io store surplus silver which tho Government
wishes 10 get rid Of AMI which IS about the ONLY pur
chase the banks can make when theV wish change
large amnInt OF g,l il stored n the vaults here, hat
wouli-bc pnrcha-ers always get 1t when they
want II, and when tney do. 1t Is snly on pre'enia-
ton Of g-ld certificates Wn-n Chicago bank wants
small b -enes, twOs aud tyes-ii has To buy them In
N-wYok II the EXCHANGE market permits. th'y nave u
expressed Calca.O cost OF 80 cents per pl'"o'
CcI uses in daily transactions six times as much
money as -. Iouis. aud yet the Washington minipula-
raVe larger Dalauce ia - LoHs han in Chlea %
Figures from the Tredsursrs report snow that tho mi
Treasury assts 2sd dspsNt'. eertlhetto' an
Federal note. SIN Her IN amount tnan In any :" 's
ah-r places splte of the vast marSin Ia eLUasos .
Ia, or IN trade.
Osc those -ssn said: Ell evident that kepuoiI-
otn hiragpIs Mt popular AS compared with Driu' -
era ic c-. ia he o.. 10 treasury Olclals
In Washington and for some reason hlcaGO cansot op
tain herself The facilities accorded o.her ees'